Debit balances. If the Account has a cash deficit, the Holder authorizes the Trustee or the Agent to determine which Property to select and to sell such Property to cover such cash deficit. The Trustee is prohibited from borrowing money or other property for the purposes of the Account.
Appears in 6 contracts
Samples: Account Trust Agreement, edgepointwealth.com, bmgfunds.com
Debit balances. If the Account has a cash deficitdeficit in one or more currencies held within the Account, the Holder authorizes the Trustee or the Agent to determine which Property to select and to sell such Property to cover such cash deficit. The Trustee is prohibited from borrowing money or other property for the purposes of the Account.
Appears in 1 contract
Samples: Trust Agreement